Microsoft Dynamics SL - Power through Flexibility
Updated August 19, 2015
Microsoft Dynamics SL - Power through Flexibility
Score 8 out of 10
Vetted Review
Verified User
Software Version
Dynamics SL 7
Modules Used
- GL, AP, Multi-Company, FRx, MaxQ Laser Checks, PSS Fixed Assets,
- PSS Void Check Entry Plus, T&T Data Solutions Multi-Company Validation,
- Customization Manager
Overall Satisfaction with Microsoft Dynamics SL
Dynamics SL is our Accounting and Financial Reporting engine for almost 200 companies in the US and Canada. Using Multi-Company allows us to centralize some processes (AP Checks for example) while allowing a very decentralized user base to perform local transaction activity. SL's flexible structure has allowed us to add companies and sub-accounts enabling us to grow from a $100 Million dollar company in 1999 when implemented to a $3 Billion dollar company at the end of 2014.
- Ability to add companies, and sub-accounts on the fly allows for the growth of the system without conversions, and flexible reporting allows for the quick utilization of the data.
- Multi-Company allows for easy and automated data entry and reporting across multiple legal entities and business segments.
- Multi-Company also allows for easy centralization of business processes (AP check writing and Fixed Assets for example), while spreading data entry across the enterprise.
- Ability to Copy/Paste into Dynamics SL has always been a strength- especially from Excel. The additional power of being able to use Excel for a myriad of calculations, including complex allocations, and formatting the result into a JE to paste directly into the Journal Entry Screen has saved countless hours in data-entry, and made re-use of complex items very easy.
- Built-in functionality for workflow/reviews/approvals could be improved.
- Better documentation of controls and reporting of the audit trail (think SOX).
- Better remote office, work from home capabilities (such as cloud bases SAAS) would help resolve security and speed/performance constraints.
- Centralization capabilities have allowed the corporate accounting team to remain relatively small as the field locations have been added, keeping headcount manageable.
- Ease of integrations and access to data for reporting has allowed growth outside of core accounting.
- Epicor ERP,Microsoft Dynamics GP,sage
Of the comparable mid-range ERP systems, Dynamics SL competes at the lower end based on price, but also above the high-end based on flexibility, data, and reporting. Being able to stay with the same core accounting from a $100 million dollar company to a $3 billion dollar company shows the range of capabilities.
Microsoft Dynamics SL Feature Ratings
Using Microsoft Dynamics SL
Financial Accounting - General Ledger, Accounts Payable, Fixed Assets, and Financial Reporting.